Bank Of The West Mortgage Rates, Fees & Info

San Francisco, CA

LEI: QOT5WN9RBKQTFRVKEV31

Tax ID: 94-0475440

5 stars - Updated: 10/13/24 - out of 5 stars, based on 23 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Bank Of The West is a smaller bank specializing in Home Purchase and Refi loans. Bank Of The West has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Los Angeles, San Jose, San Francisco, Denver, and Las Vegas among others. We have data for 79 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of The West has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bank Of The West is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 10/13/24
30 Year Conventional Purchase 5.64% 10/13/24
30 Year Conventional Refi 5.65% 10/13/24
30 Year Cash-out Refi 5.87% 10/13/24
30 Year FHA Purchase 7.25% 10/13/24
30 Year FHA Refi 7.41% 10/13/24
30 Year VA Purchase 6.04% 10/13/24
30 Year USDA Purchase 6.06% 10/13/24
15 Year Conventional Purchase 5.73% 10/13/24
15 Year Conventional Refi 5.72% 10/13/24
15 Year Cash-out Refi 5.72% 10/13/24
15 Year FHA Refi 5.68% 10/13/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Bank Of The West Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bank Of The West. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

518

Origination Dollar Volume (All Markets)

$216,310,000

Awards

Bank of the West 30 Year Conventional Loans gold Bank of the West 30 Year Conventional Loans gold Bank of the West 30 Year Conventional Loans gold Bank of the West 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

Bank Of The West's average 30 year fixed mortgage rate was 6.22%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.26%.

Relative Fees (Closing Costs)

Bank Of The West's average total fees/closing costs for a 30 year fixed rate mortgage were $7,133.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 137 $81,245,000 $593,029 $8,691 6.09%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 33 $25,975,000 $787,121 $5,358 5.99%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 41 $22,835,000 $556,951 $9,142 5.96%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 29 $9,665,000 $333,276 $4,286 6.79%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 15 $7,955,000 $530,333 $6,933 6.64%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 22 $7,710,000 $350,455 $7,162 6.10%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 14 $4,570,000 $326,429 $7,193 6.14%
STOCKTON, CA (FHA|USDA|VA) 17 $3,475,000 $204,412 $6,201 6.67%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $3,375,000 $482,143 $0 7.10%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 5 $3,325,000 $665,000 $7,272 5.32%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $3,095,000 $343,889 $8,011 6.36%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 12 $2,850,000 $237,500 $11,949 6.52%
Outside of Metro Areas 16 $2,810,000 $175,625 $4,929 6.53%
NAPA, CA (FHA|USDA|VA) 3 $2,685,000 $895,000 $14,382 5.83%
Breckenridge, CO (FHA|USDA|VA) 4 $2,670,000 $667,500 $5,429 6.72%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $2,660,000 $332,500 $5,937 6.25%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 8 $2,290,000 $286,250 $8,633 6.55%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,760,000 $880,000 $14,592 5.93%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $1,575,000 $315,000 $555 6.75%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 11 $1,565,000 $142,273 $4,963 6.25%
MODESTO, CA (FHA|USDA|VA) 9 $1,525,000 $169,444 $3,933 6.05%
SANTA FE, NM (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $13,415 4.63%
BOULDER, CO (FHA|USDA|VA) 3 $1,215,000 $405,000 $13,373 5.79%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,165,000 $388,333 $4,414 5.87%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $1,145,000 $1,145,000 $3,919 4.63%
BOISE CITY, ID (FHA|USDA|VA) 3 $1,115,000 $371,667 $15,628 5.37%
FRESNO, CA (FHA|USDA|VA) 5 $1,085,000 $217,000 $0 7.14%
FORT COLLINS, CO (FHA|USDA|VA) 4 $950,000 $237,500 $4,889 6.31%
Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $855,000 $285,000 $0 5.99%
WICHITA, KS (FHA|USDA|VA) 3 $815,000 $271,667 $5,277 6.63%
TUCSON, AZ (FHA|USDA|VA) 6 $750,000 $125,000 $0 6.65%
RENO, NV (FHA|USDA|VA) 2 $740,000 $370,000 $4,449 6.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 6 $700,000 $116,667 $3,864 6.26%
Newport, OR (FHA|USDA|VA) 3 $575,000 $191,667 $0 5.99%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $520,000 $130,000 $4,942 6.15%
Steamboat Springs, CO (FHA|USDA|VA) 1 $505,000 $505,000 $0 5.99%
CHICO, CA (FHA|USDA|VA) 3 $505,000 $168,333 $0 7.36%
FARGO, ND-MN (FHA|USDA|VA) 2 $450,000 $225,000 $3,897 5.87%
Fernley, NV (FHA|USDA|VA) 1 $445,000 $445,000 $9,722 5.50%
Astoria, OR (FHA|USDA|VA) 1 $445,000 $445,000 $0 5.99%
LAS CRUCES, NM (FHA|USDA|VA) 4 $400,000 $100,000 $4,913 6.62%
MADERA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $0 5.99%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $340,000 $170,000 $0 5.99%
LINCOLN, NE (FHA|USDA|VA) 4 $320,000 $80,000 $4,530 6.36%
KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $305,000 $61,000 $0 7.50%
VALLEJO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.24%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 5.99%
Columbus, NE (FHA|USDA|VA) 1 $245,000 $245,000 $7,211 6.13%
Dodge City, KS (FHA|USDA|VA) 2 $200,000 $100,000 $2,706 6.12%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $190,000 $95,000 $0 6.84%
Fergus Falls, MN (FHA|USDA|VA) 2 $180,000 $90,000 $0 6.98%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.99%
Jackson, WY-ID (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.99%
DULUTH, MN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.99%
Clearlake, CA (FHA|USDA|VA) 2 $150,000 $75,000 $3,787 6.31%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.13%
AMES, IA (FHA|USDA|VA) 2 $130,000 $65,000 $0 6.90%
Payson, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.88%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 2 $120,000 $60,000 $0 7.08%
YAKIMA, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.99%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.99%
Marshall, MN (FHA|USDA|VA) 1 $105,000 $105,000 $5,622 6.63%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $105,000 $105,000 $5,856 7.75%
Heber, UT (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.99%
Marshalltown, IA (FHA|USDA|VA) 1 $95,000 $95,000 $4,326 7.25%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.99%
Hailey, ID (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.92%
North Platte, NE (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.99%
REDDING, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.29%
CHEYENNE, WY (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.99%
PROVO-OREM, UT (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.99%
Stillwater, OK (FHA|USDA|VA) 1 $45,000 $45,000 $4,339 7.00%
Show Low, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $4,080 7.00%
Lexington, NE (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.99%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.99%
Beatrice, NE (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.99%
Evanston, WY (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.99%
Rock Springs, WY (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.99%
GREELEY, CO (FHA|USDA|VA) 1 $15,000 $15,000 $0 9.87%
Bank Of The West's top markets include Los Angeles, San Jose, San Francisco, Denver, and Las Vegas among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 334 $72,860,000 $218,144 n/a 6.56%
    Conventional 175 $140,785,000 $804,486 $6,750 5.74%
    FHA 6 $2,160,000 $360,000 $10,111 6.31%
    VA 2 $310,000 $155,000 $7,393 6.81%
    USDA 1 $195,000 $195,000 $5,474 7.13%

    For 2023, Bank Of The West's most frequently originated type of loan was HELOC, with 334 originations. Their 2nd most popular type was Conventional, with 175 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 142 $34,570,000 $243,451 $7,321 6.54%
    Home Purchase 132 $100,530,000 $761,591 $7,225 5.71%
    Home Improvement 122 $19,720,000 $161,639 $4,634 6.67%
    Refi 87 $44,695,000 $513,736 $6,779 6.27%
    Cash Out Refi 35 $16,795,000 $479,857 $5,746 6.14%

    For 2023, Bank Of The West's most frequently cited loan purpose was Other, with 142 originations. The 2nd most popular reason was Home Purchase, with 132 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 462 $211,180,000 $457,100 $7,133 6.22%
    Other 42 $1,290,000 $30,714 $0 7.04%
    15 Year 12 $2,590,000 $215,833 $3,817 5.98%
    10 Year 1 $245,000 $245,000 $0 7.08%
    5 Year 1 $1,005,000 $1,005,000 $0 6.76%

    For 2023, Bank Of The West's most frequently cited loan duration was 30 Year, with 462 originations. The 2nd most popular length was Other, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 72 $67,190,000 $933,194
    $5k+ 28 $32,930,000 $1,176,071
    $1k-2k 19 $4,035,000 $212,368
    $2k-3k 14 $6,200,000 $442,857
    $3k-4k 11 $8,495,000 $772,273
    $4k-5k 4 $3,310,000 $827,500

    Bank Of The West's average total fees were $7,133, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 72 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 362 $148,740,000 $410,884
    Over 8% 52 $6,270,000 $120,577
    6-7% 47 $15,865,000 $337,553
    7-8% 31 $7,725,000 $249,194
    4-5% 25 $37,515,000 $1,500,600
    3-4% 1 $195,000 $195,000

    During 2023, Bank Of The West's average interest rate for loans was 6.22%, while their most frequently originated rate bucket for loans was 5-6%, with 362 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 125 $6,885,000 $55,080 $3,704 6.77%
    $200k-400k 117 $32,575,000 $278,419 $5,083 6.30%
    $100k-200k 112 $15,020,000 $134,107 $4,370 6.56%
    $1MM+ 57 $93,105,000 $1,633,421 $9,541 5.43%
    $400k-600k 54 $26,580,000 $492,222 $4,796 6.02%
    $600k-1MM 53 $42,145,000 $795,189 $8,359 5.71%

    2023 saw Bank Of The West place emphasis on $100,000 or less loans with 125 originations, totaling $6,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 146 $123,300,000 $844,521 $8,790 5.99%
    $150k-250k 133 $51,835,000 $389,737 $6,798 6.24%
    $100k-150k 116 $24,330,000 $209,741 $5,939 6.47%
    $50k-75k 50 $5,760,000 $115,200 $3,988 6.48%
    $75k-100k 38 $6,420,000 $168,947 $4,476 6.60%
    $50k or less 20 $1,250,000 $62,500 $4,387 6.51%

    Bank Of The West lent most frequently to those with incomes in the $250k+ range, with 146 originations. The second most popular income band? $150k-250k, with 133 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 109 $88,845,000 $815,092 $8,820 5.84%
    20-30% 76 $26,600,000 $350,000 $6,769 6.33%
    30-36% 61 $16,175,000 $265,164 $5,137 6.48%
    42% 39 $7,885,000 $202,179 $4,727 6.35%
    <20% 35 $8,435,000 $241,000 $6,410 6.29%
    49% 22 $9,970,000 $453,182 $8,984 6.25%
    44% 21 $6,015,000 $286,429 $3,678 6.67%
    40% 19 $5,615,000 $295,526 $4,612 6.13%
    39% 18 $7,190,000 $399,444 $9,062 6.46%
    46% 18 $5,380,000 $298,889 $2,505 6.54%
    38% 17 $5,805,000 $341,471 $4,685 6.56%
    37% 16 $3,280,000 $205,000 $7,321 7.25%
    45% 13 $5,455,000 $419,615 $5,841 6.10%
    48% 12 $3,680,000 $306,667 $2,662 6.40%
    36% 12 $2,390,000 $199,167 $5,612 6.56%
    41% 10 $3,650,000 $365,000 $10,146 6.06%
    47% 8 $2,820,000 $352,500 $3,919 6.63%
    43% 5 $4,565,000 $913,000 $5,353 5.70%
    >60% 3 $1,215,000 $405,000 $0 5.99%

    Bank Of The West lent most frequently to those with DTI ratios of 50-60%, with 109 originations. The next most common DTI ratio? 20-30%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 318 $125,900,000 $395,912 $6,426 6.34%
    Not provided 93 $37,955,000 $408,118 $8,878 6.20%
    Asian 79 $36,875,000 $466,772 $6,985 6.14%
    Asian Indian 6 $5,820,000 $970,000 $5,527 5.68%
    Black 9 $4,405,000 $489,444 $7,048 7.09%
    Chinese 1 $1,505,000 $1,505,000 $4,336 5.88%
    Other Asian 1 $1,295,000 $1,295,000 $0 4.75%
    Not applicable 3 $1,095,000 $365,000 $0 5.92%
    American Indian 3 $825,000 $275,000 $0 5.99%
    Korean 1 $195,000 $195,000 $0 5.99%
    Filipino 2 $190,000 $95,000 $0 6.72%
    Native Hawaiian or Islander 1 $145,000 $145,000 $0 8.82%
    1 $105,000 $105,000 $0 5.99%

    Approval Rates

    Total approvals of all applications
    65.06%

    Bank Of The West has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    68.15%

    Bank Of The West has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 518 $216,310,000 $417,587

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    518 $216,310,000 $417,587

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 120 $35,430,000 $295,250 $4,660 6.34%
    40-60% 51 $30,155,000 $591,275 $5,260 6.08%
    60-80% 103 $91,025,000 $883,738 $8,319 5.63%
    80-100% 44 $30,750,000 $698,864 $6,376 6.04%
    Over 100% 1 $215,000 $215,000 $10,461 6.38%
    Under 20% 199 $28,735,000 $144,397 $3,779 6.70%